GVC Holdings has reported an 11.2% year-on-year decline in revenue for the first half of 2020, after online growth failed to offset declines in UK and European retail resulting from the novel coronavirus (Covid-19) lockdown.
Digital media giant InterActiveCorporation (IAC) has acquired a 12% stake in MGM Resorts International, describing the investment as a “once in a decade” opportunity.
South African gaming and entertainment business Tsogo Sun has struck a deal move into the country’s sports betting market through the acquisition of a 50.1% stake in local land-based and online operator Betcoza.
Gaming solutions giant Playtech expects earnings for the first half of 2020 to reach €160m, after a strong performance from its online and financials divisions helped offset novel coronavirus’ (Covid-19) disruption to retail and sports in the period.
William Hill has reported a 31.7% year-on-year decline in revenue for the first half of its financial year, though a £230.7m value added tax (VAT) refund allowed the operator to post a £115.6m net profit for the period.
The novel coronavirus (Covid-19) pandemic has hit International Game Technology (IGT) hard in the second quarter of 2020, with revenue dropping 48.4% and the business posting a net loss of $279.6m.
UK racecourse operator the Arena Racing Company (ARC) has announced that the Belle Vue Stadium greyhound racing venue will permanently close, saying there is “no longer a business case” to keep the site operating.
Online football stock market Football Index has entered into a partnership with responsible gambling platform beBettor to use affordabilty checks to improve its player protection safeguards.
The Racing Industry Transition Agency (RITA) will this weekend complete its transition to TAB New Zealand, in line with the country’s new 2020 Racing Industry Act.
Esports betting operator Luckbox expects to receive final approval for its listing on Toronto’s TSX Venture Exchange (TSXV) by October, and has set out an expansion roadmap that will see it grow its management team and launch a B2B arm.
GVC Holdings had appointed Sandeep Tiku, formerly its chief technology officer, as its new chief operating officer, and also announced a number of other changes to its senior leadership team.
Digital Isle of Man, an executive agency created by the island’s government to support development in the digital sector, has appointed Chris Kissack to the newly created role as head of esports.
Svenska Spel chief executive Patrik Hofbauer said the operator is showing signs of recovery following the disruption caused by novel coronavirus (Covid-19), which led to a 9.6% year-on-year revenue decline in the first half of the year.
GVC Holdings has reported an 11% year-on-year decline in revenue for the first half of 2020, though outgoing chief executive Kenneth Alexander hailed the strong performance of the operator’s online business during the period.
Shareholders of Roar Digital, the joint venture between MGM Resorts and GVC Holdings, have committed to a second round of investment in the business, bringing its total funding to $450m.
Online gambling platform developer i3 Interactive has appointed Andrew Lee and Ian Marmion to its management team to support the launch of its new Blitzbet sportsbook brand.
Esports betting operator Esports Entertainment Group has announced that it will close its purchase of online betting and gaming operator Argyll Entertainment on or before 31 July, after finalising a definitive agreement for the acquisition.
